VIL - Verus Investments

[Putty7]

Yeh the oppies give you the right to pay the company 10c to purchase fully paid ordinary shares.
Right now the oppies are around 2c because people think there is a potential for VIL to be over and above 12c by June expiry. (pay 2c for the option and 10c exercising the oppies for your share)
However by June if VIL is not above 10c the options will be worthless.

Cheers for that Skyquake, I thought I was right but when defining things to other new traders best left to people who actually have more knowledge lol.

The open is looking good again for a rise.

 

[Atlas79]

On Sky Business tonight, the experts declared that " judging by that chart, if you aren't onboard yet, you're too late"... haven't we all known that for a while ??

Dunno about that... I got on at .039 but no way I'm selling yet, would certainly be getting more if I had funds free.

 

[condog]

Its getting a lot of media attention due to high volumes, which can only serve to help if the announcment is great....as it will be on a lot more peoples charts and any over supply of buyers is likely to push the reaction in sp higher.....

Lots of profit takers in this morning or day traders getting out

 

[condog]

Re-read the announcment its better then i first thought...it doesnt prove anything in terms of commercial significance of this well, but from GGP who have proven to be super conservative and hold there cards very close to their chest this is pretty up beat...



I think some of these people selling today will very much regret that decision in coming weeks....

 

[DeCal]

The biggest overriding question is, do I stick to my plan and keep X% of my portfolio in VIL? Or give in to the greed feeling and sell some under performing stocks and dump in more cash?

This is sounding very optimistic.

 

[Atlas79]

The biggest overriding question is, do I stick to my plan and keep X% of my portfolio in VIL? Or give in to the greed feeling and sell some under performing stocks and dump in more cash?

This is sounding very optimistic.

I know the feeling, 0.075 just now has me eyeing off other contenders to sell. The one I would have sold is under a trading halt though : (JPR.)

 

[Agentm]

Re-read the announcment its better then i first thought...it doesnt prove anything in terms of commercial significance of this well, but from GGP who have proven to be super conservative and hold there cards very close to their chest this is pretty up beat...

View attachment 35747

I think some of these people selling today will very much regret that decision in coming weeks....

condog

Issued Shares: 630,451,589

This Week 6,597 trades 806,482,085 shares $63,596,528 turnover 0.0950 high 0.0590 low


in just over 3 days the entire share registry has turned over 1.25 times!!
if you include all the major holders.. if you exclude them then the figure becomes even more alarming

so considering this has happened, are you absolutely certain the share is not just a tad oversold right now?

imho is just the same hc crowd beating up yet another junior explorer and like bcc and gdn, it will leave the share in a sorry and decimated state in the very near future..

any thoughts on this?

 

[condog]

condog

Issued Shares: 630,451,589

This Week 6,597 trades 806,482,085 shares $63,596,528 turnover 0.0950 high 0.0590 low


in just over 3 days the entire share registry has turned over 1.25 times!!
if you include all the major holders.. if you exclude them then the figure becomes even more alarming

so considering this has happened, are you absolutely certain the share is not just a tad oversold right now?

imho is just the same hc crowd beating up yet another junior explorer and like bcc and gdn, it will leave the share in a sorry and decimated state in the very near future..

any thoughts on this?

iMO its to big a turnover to be anthing related to HC which is just a few people...they have inssuficient funds to be able to even affect these volumes...

IMO irrespective of wehther this well is commercial (& every announcment seems to give more and more signs it might be) the tenement itself is high quality in relation to the market cap of GGP and VIL....

Average out the tenement finds along the other side and these guys should IMO be sitting on 10MMboe plus very significnat gas ,.....but thats only opinion at this stage.... Given they have now located gas and flowing crude / condensate on this side of the dome its more and more likely they will have a very significnat well on there hands somewhere very soon...

Theres no doubt that sort of volume will leave us belted and bruised either up or down....but the underlying value is increasing nicely and the quality of the assett appears to be substantial IMO so the little HC team can do as they please....

I hold - DYOR and seek expert advice - this is inherintly very very risky...

 

[Putty7]

condog

Issued Shares: 630,451,589

This Week 6,597 trades 806,482,085 shares $63,596,528 turnover 0.0950 high 0.0590 low


in just over 3 days the entire share registry has turned over 1.25 times!!
if you include all the major holders.. if you exclude them then the figure becomes even more alarming

so considering this has happened, are you absolutely certain the share is not just a tad oversold right now?

imho is just the same hc crowd beating up yet another junior explorer and like bcc and gdn, it will leave the share in a sorry and decimated state in the very near future..

any thoughts on this?

The volumes on this stock have had daily highs since Christmas when they first hit gas due to it being a good trading stock, stock getting regurgitated over and over to make .001c here and .002c there seem to be normal for this share over the journey and fast rises followed by the SP being beaten down have been a weekly occurence.

The fast rise yesterday to .095c probably helped someone unload their options at .03c as confidence grew as well as unload the shares they had accumulated lower at the top of the SP cycle.

I am only speculating of course but there was no reason for the fast push to .095c on no news yesterday when investors would prefer to quietly accumulate at lower prices over the day, the only ones who gain from a sharp rise are the traders looking to unload shares at the top of the push and into the over run.

As for the HC crowd lets not even go there.

 

[McCoy Pauley]

Seems to me that a number of day traders are pushing the price around. The price ran up to $.095 yesterday partly because the market as a whole was down and partly due to people factoring in an announcement on the results of drilling as soon as yesterday.

But no announcement and other sectors and companies looking attractive today has, IMO, seen people take money out of VIL and put it in other companies.

 

[Tommo_Aus]

Fair guess is a large amount of day traders have sold out at market to jump on SSN for the day. They'll be back soon.

 

[McCoy Pauley]

Having a look at the GGP announcement condog posted above, my uneducated guess is that the announcement on the production tests won't be made until early next week. Testing is be carried out "throughout the week" is the basis for my deduction. If that's the case, in the absence of news, I think the share price will come down fairly substantially over the course of this risk as the day traders drift away from the company.

 

[condog]

Having a look at the GGP announcement condog posted above, my uneducated guess is that the announcement on the production tests won't be made until early next week. Testing is be carried out "throughout the week" is the basis for my deduction. If that's the case, in the absence of news, I think the share price will come down fairly substantially over the course of this risk as the day traders drift away from the company.

Possibly true but be careful of getting caught with your pants down....

IF it is deemed commercial testing WILL cease early....

I have just sent GGP a rather direct and possibly somewhat abusive email asing them WTF is going on, that they need to keep the market updated and they need to be more direct about what they think they have..... I will keep you posted... but dont expect a response any time soon...these guys seem to ignore all correspondance...

 

[johnbatibas]

I am a pretty new to the world of investing and as such spend a fair bit of time looking for info to help me in my cause. I currently hold VIL - bought at 3.7. I came across some info on another forum regarding short selling and wonder if todays retracement is attributable to this practice - if so I am certainly not a fan of short selling!! The info was sourced from the asx site detailing the gross sales from short selling for yesterday.

 

[condog]

I am a pretty new to the world of investing and as such spend a fair bit of time looking for info to help me in my cause. I currently hold VIL - bought at 3.7. I came across some info on another forum regarding short selling and wonder if todays retracement is attributable to this practice - if so I am certainly not a fan of short selling!! The info was sourced from the asx site detailing the gross sales from short selling for yesterday.

Dont worry about it..... just focus on whether you think the land at fausse point is viable for oil and gas, whther the company and its operators have the ability and resources to extract it, and the time line for which it might happen.......

 

[sjx]

Possibly true but be careful of getting caught with your pants down....

IF it is deemed commercial testing WILL cease early....

I have just sent GGP a rather direct and possibly somewhat abusive email asing them WTF is going on, that they need to keep the market updated and they need to be more direct about what they think they have..... I will keep you posted... but dont expect a response any time soon...these guys seem to ignore all correspondance...

Condog,

I've found that emailing either GGP or VIL is completely useless..

If you want a to the point, immediate reaction to a query, you should ring them. I have rang them before and they have been pretty good about it.

 

[condog]

Be warned the rumour mill has begun...I have no idea if there is any truth either way so i disregard it, which is the importance of companies keeping the market fully updated.... no news leads to this rubbish....and its fed by all sorts of people, some wanting the price to drop so they can buy in, others wanting the price to spike so they can lower their buy price or get free carried...

Im ignoring it till the company comes out with information.... just be cautious as there are all sorts of self serving idiots running around starting or perpetuating rumours just trying to get someone else to start it....

Its pretty easy to have the emotions of greed or fear triggered, so listen with caution and a steady head...or better still dont listen at all...

Please dont ask me to elaborate as i wont , IMO its all garbage anyway...

At the end of the day the facts at hand are

VIL has 50% interest in a good tenement in a known zone
They have intersected gas and oil smears

The gas is very high pressure which delays and complicates testing, due to blowout risks from kicks etc
There are lots of inherent risks still and dangers while testing
It is unknown if this well is commercial for oil gas or either or both
Irrespective , They will gather valuable data used to more economically and hastily drill further likely successful wells...to both fully understand the best use of this well and further wells
The data gathered will be useful to investors, financers, JV partners and future drillers

Anything beyond or contrary to that at this stage is all rumour, unless an asx release confirms otherwise

Disc - i own, DYOR, seek expert advice...high risk

 

[condog]

I sent these guys a rather direct email yesterday demanding some quantified data, looks like we now have some

The Board of Golden Gate Petroleum Ltd (ASX:GGP) advises that the T.G.R. Land Company, Inc #1 well at
Fausse Point has recommenced testing the initial zone of interest in the lowest of three identified hydrocarbon
formations. Initial clean up and production testing of this first zone of interest has resulted in good initial flow
rates of gas and condensate. Initial flow rates up to 1.8 million cubic feet of gas per day and 56 barrels of
condensate per day at a 6/64 choke have been recorded. The drawdown and buildup process of testing the
interval at various flow rates and pressures continues in determining the commercial significance of the
interval. This testing process is expected to take a few more days in order to fully test the interval. So far, the
initial results have not provided a definitive result.
The Fausse Point well has encountered three distinct gas and oil formations starting at 7,000 ft. There have
been several zones of interest across all three major formations with indications of hydrocarbons. The lowest
formation includes several zones of interest including the zone just perforated that indicated good
permeability, porosity with oil/condensate recovered in the sample cores and has now flowed hydrocarbons
to surface.
Comments
It is very important to do a thorough review in the initial testing of this first zone of interest prior to
committing to the cost of installing surface facilities and a gas pipeline. The standard testing sequence takes
several days and it is important to be very thorough in this phase of testing. Extended production testing
operations will be conducted throughout this coming week. If the first zone just tested confirms a commercial
result, testing will cease and preparations will begin to bring the well onto production.

 

[condog]

These idiots are all jumping ship

IMO this will be commercial... its on a very small choke for safety reasons...

Sundance had higher development costs and commercialised several wells with 1mmcf/d , no condensate with a <24 month pay back...

This rate is nothing like the eagleford, but niether are the costs or market caps....

Given they have many wells to follow, small pipeline expenses I think they will go ahead

They may need to look at fraccing to get some better flow rates,

The market obviously either thinks differently or they are short termers again jumping out....

This is a very positive result, remembr this is only the first well, its on a small choke and it has not been cleaned up ...... its early days and IMO fantastically positive...

Theres a fair bit of tree shaking happening trying to lower the price that will most likely dispate immediately prior to open as well...

 

[McCoy Pauley]

Very conservative announcement, IMO. GGP (and VIL) doing its best to keep the market informed but it's along the lines of "don't call us, we'll call you when we have news" announcement.